Post Utme Christopher University 2017 Commerce Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2017 Commerce Objective / Multiple Choice
Question 11 POST_UTME_CHRISTOPHER_UNIVERSITY • 2017 • COMMERCE • objective

The concept of 'Gresham's Law' in economics states that bad money drives out good money. Which of the following best describes the underlying principle of this phenomenon?

Answer Options

A. The law of supply and demand
B. The law of diminishing marginal utility
C. The law of comparative advantage
Correct Answer D. The law of increasing opportunity cost
Correct Answer
D
Correct Option:
The law of increasing opportunity cost

About This Question

This is Post Utme Christopher University 2017 Commerce Question 11. It is one of the objective questions from the 2017 Post Utme Christopher University Commerce examination.

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